Introduction to Institutions, Entrepreneurship and Firm Growth: Zoltan J. Acs From Sweden to the OECD Charlie Karlsson Very little is known about (i) how the institutional various markets, the infrastructure conditions, the framework influence entrepreneurship, the forma- supply of labour and the skill level of the labour tion of new firms and firm growth, (ii) what force, the entrepreneurial climate, knowledge impacts changes of the institutional framework production and access to knowledge, and so on. have on these issues and (iii) the time it takes for Of course, all research on the influence of insti- changes of the institutional framework in a more tutions on entrepreneurship and firm growth must growth enhancing direction to have any substan- fully acknowledge the influence also of the other tial effect on entrepreneurship and firm growth. parts of the economic milieu. Since entrepreneur- Turning to the influence of institutions on ship is not only an economic activity but also a entrepreneurship and firm growth it is first of all social activity it is very important also to study the clear that there is a need to more clearly define relationship between formal and informal institu- what is really meant by institutions. The concept
Small Business Economics – Springer Journals
Published: Oct 13, 2004
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